Sun Pharma Price Action behaviour

It has followed this trend line for a long time and broke it. Post that, it again retested the trend line and it's on the verge of breaking last swing low on daily basis. Keep an eye on the stock.

If it breaks the previous low, it will go around 980-930 as after 1000 level it's going to be a steep fall.
1. Level of 980, coincides with a Pivot level
2. There would be call-unwinding if level of 1000 is broken

Simple charts, so that, everyone can understand.
I'll be posting more such ideas like this. Until that, like share and follow :)

Thanks,
Wayfarer.
keep learning and keep earning.

Zlecenie aktywne:

Support 1 tested. Short Sell Target achieved.
Next, it should stay below 997-1000 and try to test it once.